PT XL Axiata Tbk Earnings Recaps
Q3 2025
Nov 14, 2025
XLSMART reported robust growth in its first full quarter post-merger, achieving a 38% year-over-year revenue increase alongside significant operational synergies and network improvements.
Key takeaways
- Revenue growth of 38% YoY and 9% QoQ driven by strong subscriber quality and improving ARPU.
- Successful national roaming integration enhances service quality for Smartfren customers and boosts coverage by 38%.
- On track to achieve $150-$200 million in synergies for FY 2025, with long-term targets of $300-$400 million pretax.
- Mobile, Enterprise, and Home segments each driving distinct growth opportunities across diverse customer needs.
- Customer engagement initiatives and improved network performance leading to increased user satisfaction and retention.